Middle East Economic Survey
VOL. LII
No 42
19-Oct-2009
REGIONAL
BofA Merrill Lynch Predicts Strong GCC Growth
Higher oil prices, a recovering credit market, a weaker US dollar and a general improvement in the global economic backdrop are all likely to produce a strong recovery in the GCC, predicts a recent report by BofA Merrill Lynch. Despite short-term concerns, in particular the unfavorable summer seasonality and potential for a warm winter which could negatively impact oil demand, the firms...
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